Diversified Trust Co Has $491,000 Stake in Atmos Energy Corporation $ATO

Diversified Trust Co trimmed its holdings in Atmos Energy Corporation (NYSE:ATO) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,188 shares of the utilities provider’s stock after selling 66 shares during the period. Diversified Trust Co’s holdings in Atmos Energy were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in Atmos Energy by 191.2% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 109 shares during the last quarter. Brooklyn Investment Group increased its stake in Atmos Energy by 141.2% in the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 137 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Atmos Energy by 379.7% in the first quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 262 shares during the last quarter. Bank of New Hampshire bought a new position in Atmos Energy in the first quarter valued at approximately $58,000. Finally, Private Trust Co. NA increased its stake in Atmos Energy by 26.0% in the first quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 78 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

NYSE ATO opened at $166.22 on Wednesday. The firm’s fifty day moving average price is $162.50 and its two-hundred day moving average price is $156.99. The stock has a market cap of $26.68 billion, a PE ratio of 22.83, a PEG ratio of 3.01 and a beta of 0.75. Atmos Energy Corporation has a fifty-two week low of $136.03 and a fifty-two week high of $168.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.37.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The company had revenue of $838.77 million for the quarter, compared to the consensus estimate of $848.97 million. Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%.During the same period in the previous year, the firm posted $1.08 EPS. On average, equities analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were paid a $0.87 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Atmos Energy’s payout ratio is currently 47.80%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATO. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $163.00 price objective (down from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. UBS Group reissued a “neutral” rating and issued a $159.00 price objective (up from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Argus set a $172.00 target price on shares of Atmos Energy in a research note on Thursday, September 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Atmos Energy in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.27.

About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.